£74,967
This estimated value is based upon the latest sale price for the house of £60,000 on 23 Feb 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £60,000 | 23 Feb 2018 |
| £30,000 | 1 Apr 2016 |
| £34,000 | 17 Oct 2002 |
| £31,000 | 1 May 1996 |
| Terraced |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in February 2018 the House Price Index for TYNE AND WEAR was 118.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.946%.Applying this 24.946% change to the original purchase price of £60,000 results in an estimated price of approximately £74,967.
| 23 Feb 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 148.6 | 24.946 % | £60,000 | £14,967 | £74,967 |
The Postcode Pricing Model uses changes in average sales price within the DH5 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -13.005 % | £-7,802 | £52,197 |
| 3 Month Average | -19.983 % | £-11,989 | £48,010 |
| 6 Month Average | -19.988 % | £-11,992 | £48,007 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £79,697 | £79,000 | 10 STEPHENSON CLOSE |
| 30 Jun 2023 | £68,834 | £68,000 | 109 THE AVENUE |
| 26 Apr 2023 | £115,241 | £114,000 | 42 RICHARD STREET |
| 24 Mar 2023 | £75,713 | £75,000 | 38 RICHARD STREET |
| 26 Aug 2022 | £96,740 | £97,000 | 7 SUMMERSON STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Urwin Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Urwin Street |
| Jan 2024 | Criminal damage and arson | Awaiting court outcome | On or near Urwin Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Urwin Street |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Urwin Street |